Archive for September, 2007

Political advantage to small and medium retail

Leaders of various political parties, including those from the Bharatiya Janata Party (BJP) and the Communist Party of India (CPI), will come together at a meeting here Wednesday to find ways to block entry of corporate houses into retail trading. The meeting will be hosted by the Confederation of All India Traders, said Praveen Khandelwal, [...]

Store Design – Customer Convenience Vs. Space Productivity

–Contributed by Garima Time and again I have come across the now cliched customer service motto/philosophy of retailers which is expressed in may different ways we put customers first customer is king you want it , we have it we don’t just provide goods, we provide the experience Sets me thinking of the times when….. [...]

Bourses lure small cos with lucrative offers

Small and medium enterprises (SMEs) may get a new breath of life with both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) vying for these companies. BSE is believed to have sought regulatory approval to make its Indonext platform attractive for SMEs. It has joined hands with the State Bank of India [...]

Database to help firms raise funds

South China’s Guangdong Province is extending its credit database for small and medium-sized enterprises (SMEs) to give them improved access to bank loans. The Guangzhou branch of the People’s Bank of China, which is in charge of the project, said it will input the credit information of 360,000 SMEs, two-thirds of the province’s total, into [...]

IBM begins operations from Jaipur centre

JAIPUR: IBM India has announced the launch of its SME (small and medium enterprises) operations from its centre here as part of expansion plans to enter 14 new cities in the country. With the new facility, IBM is in a position to cater to specific requirements to enable customised services to small and medium business [...]

Small and Medium Enterprises in India

–Contributed by Garima Small and Medium Enterprises in India is a very large and extremely difficult market . To use a cliched phrase, India behaves like many different countries. Also, geographically, you don’t know where the customers are, which city and which marketplace. Therefore to support these businesses it is important to create a comprehensive [...]

Mentoring Small and Medium Retail Session at IRF 2007

–Contributed by Garima I and Rajeev anchored the “Mentoring SMEs in Retail” at the India Retail Forum 2007. While we had detailed preparation, it was still exciting to find that people responded so well to our workshop. The response was tremendous – by the end of the workshop there was no place to stand , [...]

Ford Uses Rental Market to Spark Interest in Taurus

Ford Motor Company recently announced that 15 to 20 percent of the total sales of the 2008 Taurus, a replacement for the Five Hundred sedan, will be distributed to daily rental companies,Ward’s reports.John Blair, CEO of Automotive Lease Guide, agrees with the basic premise of placing newly launched vehicles in rental fleets to create awareness. [...]

Online for research, Offline for Purchase

According to the new study by Kapston in association with GadgetsGuru, India’s first online technology mall and OffersForShoppers India’s first web-to-store, 40% of Internet users who reported researching products online during the 2006 calendar year bought those products offline at a neighborhood store or via some other offline channel. “This research also sends a significant [...]

Don’t over regulate retail

In the past few weeks a strange game of hide and seek is being played out in the boomtowns Of Noida and Ghaziabad. The local administration occasionally asks Reliance Fresh and other modern retail stores to shut down whenever goons claiming to represent local traders threaten violence. The latest was on September 7 in Ghaziabad [...]